Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QDTE vs SPY: how they differ
Over the year QDTE returned more, +22.3% against +17.5%, and SPY charges 0.09% against 0.96%.
Roundhill Innovation-100 0DTE Covered Call Strategy ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, QDTE and SPY hold 0% of their money in the same securities at the same weight.
| Only in QDTE | Only in SPY |
|---|---|
| NDX 03/19/2027 2510.15 C 26.01% | NVIDIA CORP 8.08% |
| 4NDX US 12/18/26 C2450.1 FLX 25.19% | APPLE INC 7.33% |
| NDX 06/11/2027 3059.42 C 22.18% | MICROSOFT CORP 5.59% |
| 4NDX US 09/18/26 C2250 FLX 18.27% | AMAZON.COM INC 3.77% |
| Roundhill Weekly T-Bill ETF 5.05% | ALPHABET INC CL A 2.98% |
| First American Government Obligations Fu 3.30% | BROADCOM INC 2.61% |
| ALPHABET INC CL C 2.39% | |
| META PLATFORMS INC CLASS A 2.16% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026 and Sep 11, 2026.
| QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Income ETF | Core index fund |
| Issuer | Roundhill | State Street |
| What it is | 0DTE covered call, vs QQQ | S&P 500 |
| Total return, 1 year | +22.3% | +17.5% |
| S&P 500 over the same days | +23.0% | +17.5% |
| Gap to the S&P 500 | −0.7 pts | 0.0 pts |
| Cash paid, 1 year | 36.8% | not an income fund |
| Expense ratio | 0.96% | 0.09% |
| Holdings | not filed | 505 |
QDTE in plain words
Over the year to Sep 11, 2026, QDTE paid 36.8% of its starting value in cash distributions while its price fell 18.5%. With every distribution reinvested, the fund returned +22.3%. Nasdaq-100 (QQQ) returned +23.0% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 24.3%, paid weekly.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.
Questions people ask
- Which returned more over the last year, QDTE or SPY?
- In the year to Sep 13, 2026, with distributions reinvested, QDTE returned +22.3% and SPY returned +17.5%, so QDTE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QDTE or SPY?
- QDTE charges 0.96% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- Are QDTE and SPY the same kind of fund?
- No. QDTE is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QDTE against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/qdte-vs-spy Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources